Page 338 - Annual Report 2020

6.8.2 Other terms

AASB (Australian Accounting Standards Board) BHP shareholders
Accounting standards as issued by the Australian Accounting In the context of BHP’s financial results, BHP shareholders refers
Standards Board. to the holders of shares in BHP Group Limited and BHP Group Plc.
Activity data Board
A quantitative measure of a level of activity that results in greenhouse The Board of Directors of BHP.
gas emissions. Activity data is multiplied by an energy factor and/or Canadian Greenhouse Gas Reporting Program
an emission factor to derive the energy consumption and greenhouse (previously listed as ECCC)
gas emissions associated with a process or an operation. Examples
of activity data include kilowatt-hours of electricity used, quantity The Greenhouse Gas Reporting Program (GHGRP) collects
of fuel used, output of a process, hours equipment is operated, information on greenhouse gas (GHG) emissions annually from
distance travelled and floor area of a building. facilities across Canada.
ADR (American Depositary Receipt) Carbon dioxide equivalent (CO 2 -e)
An instrument evidencing American Depositary Shares or ADSs, The universal unit of measurement to indicate the global warming
which trades on a stock exchange in the United States. potential (GWP) of each greenhouse gas, expressed in terms
of the GWP of one unit of carbon dioxide. It is used to evaluate
ADS (American Depositary Share) releasing (or avoiding releasing) different greenhouse gases against
A share issued under a deposit agreement that has been created a common basis.
to permit US-resident investors to hold shares in non-US companies CQCA
and trade them on the stock exchanges in the United States. Central Queensland Coal Associates.
ADSs are evidenced by American Depositary Receipts, or ADRs,
which are the instruments that trade on a stock exchange in the Commercial
United States. Our Commercial function optimises value creation and minimises
ASIC (Australian Securities and Investments Commission) costs across our end-to-end supply chain. It is organised around
our core value chain activities – Sales and Marketing; Maritime and
The Australian Government agency that enforces laws relating Supply Chain Excellence; Procurement; and Warehousing Inventory
to companies, securities, financial services and credit in and Logistics and Property – supported by short and long-term
order to protect consumers, investors and creditors. market insights, strategy and planning activities, and close
Assets partnership with our assets.
Assets are a set of one or more geographically proximate operations Company
(including open-cut mines, underground mines, and onshore and BHP Group Limited, BHP Group Plc and their respective subsidiaries.
offshore oil and gas production and production facilities). Assets
include our operated and non-operated assets. Continuing operations
Asset groups Assets/operations/entities that are owned and/or operated
by BHP, excluding major assets/operations/entities classified
We group our assets into geographic regions in order to provide as Discontinued operations.
effective governance and accelerate performance improvement.
Minerals assets are grouped under Minerals Australia or Minerals Discontinued operations
Americas based on their geographic location. Oil, gas and Major assets/operations/entities that have either been disposed of
petroleum assets are grouped together as Petroleum. or are classified as held for sale in accordance with IFRS 5/AASB 5
ASX (Australian Securities Exchange) Non-current Assets Held for Sale and Discontinued Operations.
ASX is a multi-asset class vertically integrated exchange group Dividend record date
that functions as a market operator, clearing house and payments The date, determined by a company’s board of directors, by when
system facilitator. It oversees compliance with its operating rules, an investor must be recorded as an owner of shares in order to
promotes standards of corporate governance among Australia’s qualify for a forthcoming dividend.
listed companies and helps educate retail investors. DLC Dividend Share
BHP A share to enable a dividend to be paid by BHP Group Plc to
Both companies in the DLC structure, being BHP Group Limited BHP Group Limited or by BHP Group Limited to BHP Group Plc
and BHP Group Plc and their respective subsidiaries. (as applicable).
BHP Group Limited DLC (Dual Listed Company)
BHP Group Limited and its subsidiaries. BHP’s Dual Listed Company structure has two parent companies
BHP Group Limited share (BHP Group Limited and BHP Group Plc) operating as a single
economic entity as a result of the DLC merger.
A fully paid ordinary share in the capital of BHP Group Limited. DLC merger
BHP Group Limited shareholders The Dual Listed Company merger between BHP Group Limited
The holders of BHP Group Limited shares. and BHP Group Plc on 29 June 2001.
BHP Group Limited Special Voting Share Emission factor
A single voting share issued to facilitate joint voting by A factor that converts activity data into greenhouse gas emissions
shareholders of BHP Group Limited on Joint Electorate Actions. data (e.g. kg CO 2 -e emitted per GJ of fuel consumed, kg CO 2 -e
BHP Group Plc emitted per KWh of electricity used).
BHP Group Plc and its subsidiaries. Equity share approach
BHP Group Plc share A consolidation approach whereby a company accounts for
A fully paid ordinary share in the capital of BHP Group Plc. greenhouse gas emissions from operations according to its share
of equity in the operation. The equity share reflects economic
BHP Group Plc shareholders interest, which is the extent of rights a company has to the risks
The holders of BHP Group Plc shares. and rewards flowing from an operation. Also see the definition for
BHP Group Plc Special Voting Share ‘Operational control approach’.
A single voting share issued to facilitate joint voting by ELT (Executive Leadership Team)
shareholders of BHP Group Plc on Joint Electorate Actions. The Executive Leadership Team directly reports to the
Chief Executive Officer and is responsible for the day-to-day
management of BHP and leading the delivery of our
strategic objectives.

336 BHP Annual Report 2020